$2,725,000 Second Mortgage – East Side Brownstone – 48 Hour Closing

Brick Capital Partners LLC, through an affiliate entity, funded a second mortgage in the amount of $2,725,000 to a local real estate investor. Located steps away from Central Park and Park Avenue, the collateral is comprised of a five story brownstone with both an office and residential tenants. The brownstone was completely gut renovated in 2013 including the installation of an elevator. According to Eric Roth, “We received a call on Monday morning asking if we could close a loan in 48 hours in order to meet the borrower’s obligation to close a private business transaction. After a quick review of the offering, we agreed to move forward, rapidly completed our due diligence and closed as required two days later. There are very few bridge loan providers who are able to replicate our execution and deliverance on their commitments.”